Discussion in 'Trading' started by with interest, Apr 13, 2019.
Lol, if that were true, you'd not be tea-bagging us with that emoticon. Nasty.
I generally don’t wait till price is at the top of the range but will start shorting in top 1/3 and covering the middle third or bottom third depending on how price is moving. Waiting to cover a short at the very bottom of the range every time is not a realistic strategy but sometimes will work out ok.
For longs buy in bottom 1/3 and buy more if price moves against me. Then exit in middle or top 1/3.
Basically the idea is catch a slice out of the middle of the range. So the range has to be at least 3 times as broad as a min scalp with I consider to be 1 pt in the ES.
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